The following transactions were carried out by Crozier Manufacturing Limited.
Required: Indicate into which category each transaction or adjustment is placed in the statement of cash flows: operating (O), financing (F), or investing (I) activities.
_____ payment of $5,000 was made on a non-current bank loan.
_____ Depr eciation expense for equipment was $1,000.
_____ $10,0 00 of share capital was issued for cash.
_____ Cash dividends of $2,500 were declared and paid to shareholders.
_____ A no n-current bank loan was assumed in exchange for equipment
costing $7,000.
_____ Land was purchased for $25,000 cash.
_____ $750 of accrued salaries was paid.
_____ A $5000 short-term demand loan was obtained.
_____ $10,000 of accounts receivable was collected.
_____ A building was purchased for $80,000: $30,000 was paid in cash and
the rest was borrowed.
_____ Land was sold for $50,000 cash.
_____ Equip ment was sold for $6,000. The original cost was $10,000. The
related accumulation depreciation was $3,000.
_____$1,20 0 was paid for a 12-month insurance policy to take effect next
year.
_____ A patent was amortized for $500.
_____ Shares were redeemed for $50,000 cash, their original purchase price.